NSE:BANKNIFTY Trading in ascending channel pattern, rejected thrice. Expecting potential breakout towards downside
Sell with sl - 39500
*Target - 39250, 39090, 38910
DISCLAIMER : This idea is for educational purpose, buy/sell as per your risk management. I always recommend to book 50% of the quantity at target 1 and keep trailing stoploss for remaining targets. Maintain strict stoploss to minimize loss.
Idea is positional and only carry position on day closing basis.